Ace Hardware Named Wholesale Supplier for Mitre 10, New Zealand’s Largest Home Improvement Retailer
OAK BROOK, Ill.--(BUSINESS WIRE)--Ace Hardware International Holdings, Ltd., is pleased to announce it has signed an agreement to be a wholesale supplier to Mitre 10, New Zealand’s largest and most successful home improvement retailer.
“Ace Hardware has proven to have strong systems and supply chain processes in place that can enable us to extend our business even further and to the high level our customers have come to expect.”
Mitre 10 is a cooperative comprised of 81 member-owned stores throughout New Zealand. Retail locations vary in size from convenience formats to a larger “mega” layout, with many of the Mitre 10 stores serving the convenience hardware customer, much like Ace Hardware stores all across the globe.
The agreement, effective July 1, 2014, will see Mitre 10 not only expand its product offering through a single source of products from the USA, but also benefit from shared knowledge and information and the ability to strengthen its supply chain capabilities.
Mitre 10 CEO Neil Cowie said following strong performance in both revenue and store growth, Mitre 10 decided to seek out a new wholesale relationship that would support its strong business growth. “After an extensive review, Mitre 10 has decided to form a trade agreement with Ace Hardware,” Cowie said. “Ace Hardware has proven to have strong systems and supply chain processes in place that can enable us to extend our business even further and to the high level our customers have come to expect.”
“Ace Hardware is delighted to work with the retailers and employees of Mitre 10 to supply their stores with the industry’s best products, delivered through our world-class supply chain network,” said Robert Moschorak, President, Ace Hardware International Holdings, Ltd. “We look forward to introducing Mitre 10 customers to an even better selection to suit their home repair and improvement needs.”
“From the Mitre 10 vision to be ‘the best Home Improvement store in every town’ and customer-centric values, to its strong financial performance and market-leading position, we could not think of a company better aligned with Ace’s vision to further grow our international wholesale presence in New Zealand,” Moschorak said.
New products sourced from Ace Hardware are expected to hit Mitre 10 store shelves later this year. As well as providing national product solutions, the agreement also provides individual Mitre 10 stores the opportunity to purchase merchandise from Ace Hardware directly.
About Ace Hardware
For 90 years, Ace Hardware has been known as the place with the helpful hardware folks in thousands of neighborhoods across America, providing customers with a more personal kind of helpful. In 2014, Ace ranked “Highest in Customer Satisfaction with Home Improvement Retail Stores, Eight Years in a Row,” according to J.D. Power. With more than 4,850 hardware stores locally owned and operated across the globe, Ace is the largest hardware cooperative in the industry. Headquartered in Oak Brook, Ill., Ace and its subsidiaries currently operate 14 distribution centers in the U.S. and also have distribution capabilities in Shanghai, China; Panama City, Panama; and Dubai, United Arab Emirates. Its retailers' stores are located in all 50 states, the District of Columbia and approximately 60 countries. For more information on Ace, visit www.acehardware.com.